Be in the know. 25 key reads for Thursday…

  1. Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates (Wall Street Journal)
  2. 3 Airline Stocks to Own for a Post-Pandemic Recovery (Barron’s)
  3. Wallop! The Energy Report (Price Group)
  4. The Stevie Wonder, “Faith” Stock Market (and Sentiment Results)…(ZeroHedge)
  5. Ultraviolet Light Can Kill the Virus—and Help These Stocks Rebound (Barron’s)
  6. What’s a Palantir? The Tech Industry’s Next Big I.P.O. (New York Times)
  7. 5 Biotech Stocks That Could Be Worth a Look (Barron’s)
  8. Facebook Says Apple’s New iPhone Update Will Disrupt Online Advertising (Wall Street Journal)
  9. SEC Gives More Investors Access to Private Equity, Hedge Funds (Wall Street Journal)
  10. Oil Market’s Wild Swings Subdued by Options Trading (Wall Street Journal)
  11. Abbott’s $5 Covid-19 Test Gets Emergency-Use Status From FDA (Wall Street Journal)
  12. Millennials Help Power Housing-Market Rebound (Wall Street Journal)
  13. The Fed Is Taking a New Approach to Inflation (Bloomberg)
  14. American Investors Have a Whole Lot Riding on Big Tech (Bloomberg)
  15. GOP set to propose smaller coronavirus stimulus bill (CNBC)
  16. Powell announces new Fed approach to inflation that could keep rates lower for longer (CNBC)
  17. China makes proposal to U.S. in concession to solve accounting dispute: Bloomberg (Reuters)
  18. Turbulent markets upend volatility hedge funds (Financial Times)
  19. Musk Wealth Tops $100 Billion as Bezos Worth Twice as Much (Bloomberg)
  20. Saudi Crown Prince Barrels Ahead With Big Projects to Boost Economy (Wall Street Journal)
  21. Iran Grants U.N. Watchdog Access to Suspected Nuclear Sites (Wall Street Journal)
  22. Hotels Count on Road Trippers to Drive Visits (Wall Street Journal)
  23. Biogen Stock Is a Big Risk Worth Taking (Wall Street Journal)
  24. European Bond Investors Signal Rising Risk Appetite (Wall Street Journal)
  25. NYSE’s Plan for New IPO Alternative Wins Green Light From SEC (Wall Street Journal)

The Stevie Wonder, “Faith” Stock Market (and Sentiment Results)…

If you don’t have 6 and 8 year old daughters like I do, you may not be aware that Stevie Wonder recorded a song called “Faith” (with Ariana Grande) in 2016, for the musical animated film “Sing.”  The lyrics from his song that embody the sentiment of this week’s stock market (and its participants) are: Continue reading “The Stevie Wonder, “Faith” Stock Market (and Sentiment Results)…”

Be in the know. 20 key reads for Wednesday…

  1. A ‘powerful force’ will determine what happens next in the stock market, Wharton professor predicts (MarketWatch)
  2. U.S. durable goods orders rose jumped 11.2% in July, vs 4.3% increase expected (CNBC)
  3. Volatility Traders Pounce on Stock Market Angst Before Election (Bloomberg)
  4. Ex-Trump adviser Gary Cohn seeks $600 million for blank-check company IPO (CNBC)
  5. Mortgage demand from homebuyers spikes 33% annually, signaling no end to summer spree (CNBC)
  6. Ant Group’s $200 Billion Hill Could Soon Become Mountainous (Wall Street Journal)
  7. Watch for Coca-Cola Bottler’s Stock to Pop (Barron’s)
  8. NIO Stock Gets an Upgrade and 1,500% Price Target Increase. Here’s Why. (Barron’s)
  9. Powell may be the headliner, but here are the other key central bankers set to speak at Jackson Hole (MarketWatch)
  10. What to Expect From Jerome Powell’s ‘Jackson Hole’ Speech (Barron’s)
  11. What to Know About Palantir, the Latest Tech Company to File to Go Public (Barron’s)
  12. KFC drops ‘Finger Lickin’ Good’ slogan amid COVID-19 fears (New York Post)
  13. Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy (Bloomberg)
  14. Luxury home contracts hit record quarter for Toll Brothers (Fox Business)
  15. Framework review complete, Fed’s Powell starts hard sell for higher inflation (Reuters)
  16. Booming trend powers Dick’s Sporting Goods to record earnings and sales (Fox Business)
  17. Why Dow’s shake-up is bad for stocks added to it and less bad for those booted (MarketWatch)
  18. It’s Time to Open New York’s Offices (Wall Street Journal)
  19. Inside Ant Group’s Giant Valuation: One Billion Alipay Users and Big Profit Margins (Wall Street Journal)
  20. GM Uses Salaried Employees to Fill Vacancies at Missouri Pickup-Truck Plant (Wall Street Journal)

Unusual Options Activity – Antero Resources Corporation (AR)

Data Source: barchart

Today some institution/fund purchased 3,710 contracts of Jan 2022 $4.50 strike calls (or the right to buy 371,000 shares of Antero Resources Corporation (AR) at $4.50). The open interest was just 650 prior to this purchase. Continue reading “Unusual Options Activity – Antero Resources Corporation (AR)”